Chinese household electrical appliance enterprises

[艹艹艹]

July 26, 2016, the letv, as in the United States held a theme in Losangeles, breaking the world to create an ecological world, the news conference, announced the acquisition of 2 billion U.S. dollars in all cash in the form of the acquisition of the North American TV manufacturers VIZIO. Currently, the transaction is pending regulatory approval, is expected to be completed in the fourth quarter of 2016.
After the completion of this transaction, the letv as the North American market will become the second largest LCD TV manufacturers, second only to samsung.

June 7, 2016 Haier's official price of $5 billion 580 million acquisition of GE appliance business.

June 30, 2016 Midea Group will be about 51 billion 400 million yen acquisition of Toshiba's main business of home appliances - Toshiba Electric Co., Ltd. 80.1% equity. Midea Group will receive 40 years of Toshiba brand worldwide license and more than 5000 patents related to white appliances.

July 20, 2016, Midea Group announced acquired 2871 million shares of global industrial robot giant German KUKA group shares, 72.18% of the total share capital accounted for. Plus the previously held 13.51% stake, the company holds shares in the proportion of KUKA has reached 85.69%.

July 31, 2015, Hisense Group invested $23 million 700 thousand acquisition of SHARP's Mexico plant all equity and assets, while Hisense will acquire SHARP TV Americas brand rights and all channel resources.

 

[Max Pain]

China is on an acquisition spree,
all those will only strengthen Chinese position in American Market

 

[TaiShang]

July 26, 2016, the letv, as in the United States held a theme in Losangeles, breaking the world to create an ecological world, the news conference, announced the acquisition of 2 billion U.S. dollars in all cash in the form of the acquisition of the North American TV manufacturers VIZIO. Currently, the transaction is pending regulatory approval, is expected to be completed in the fourth quarter of 2016.

Wow. I thought Vizio was a Japanese brand.

Looks like China's brands are on the way to consolidate their presence in global markets through strategic acquisitions.

Dominant status at home enables them with enough cash flow.

I always believe that dominance starts at home. With steady resource flow at home, it is more feasible to go out and hunt for lucrative deals. China's government has been right in terms of protecting home turf. Otherwise, the country would have been a playground for foreign companies with little domestic content and innovation.

 

[AndrewJin]

Many people, including some Chinese PDFer here think TCL is not a Chinese brand....
Guangdong Province： Gree, Midea，TCL, etc
Shandong Province：Haier, Hisense, etc
It seems that home appliances in China are dominated by two 1-trillion dollar economies......

 

[BoQ77]

In our sight, Haier bought Sanyo home appliance facility, but keep post ad that Japan technology, known as Aqua brand too
Midea manufactures low end items for Haier, Panasonic ... quality is quite good
Gree is aircon manufacturer but not famous, even lower value in brand than Vietnam domestic brands.
TCL is the nightmare of LCD TV, terrible quality, especially after 1 year of usage
Hisense is nobody

 

[TaiShang]

In our sight, Haier bought Sanyo home appliance facility, but keep post ad that Japan technology, known as Aqua brand too
Midea manufactures low end items for Haier, Panasonic ... quality is quite good
Gree is aircon manufacturer but not famous, even lower value in brand than Vietnam domestic brands.
TCL is the nightmare of LCD TV, terrible quality, especially after 1 year of usage
Hisense is nobody

They are household behemoths right there. Midea products are excellent in quality and they challenge Japanese centennials.

In household electronics Japan is the benchmark. But China is the future.

One more reason to have trade surplus with Vietnam.

 

[Jlaw]

Wow. I thought Vizio was a Japanese brand.

Looks like China's brands are on the way to consolidate their presence in global markets through strategic acquisitions.

Dominant status at home enables them with enough cash flow.

I always believe that dominance starts at home. With steady resource flow at home, it is more feasible to go out and hunt for lucrative deals. China's government has been right in terms of protecting home turf. Otherwise, the country would have been a playground for foreign companies with little domestic content and innovation.

Vizio based in California. TVs made in China.

They are household behemoths right there. Midea products are excellent in quality and they challenge Japanese centennials.

In household electronics Japan is the benchmark. But China is the future.

One more reason to have trade surplus with Vietnam.

Vietnamese love Chinese products. That's why you see the trade plus. Everyone knows in economics, manufactured products sell at a higher margin than any products. Vietnamese agri products and raw materials are cheap so the trade surplus will continue to widen.

 

[sweetgrape]

Vizio based in California. TVs made in China.



Vietnamese love Chinese products. That's why you see the trade plus. Everyone knows in economics, manufactured products sell at a higher margin than any products. Vietnamese agri products and raw materials are cheap so the trade surplus will continue to widen.

That Vietnamese comments make me laugh, especially said Green is even lower value in brand than Vietnam domestic brands, He even can't spell it rightly

 

[AndrewJin]

That Vietnamese comments make me laugh, especially said Green is even lower value in brand than Vietnam domestic brands, He even can't spell it rightly

Just put him in the ignore list.
Not a single one from China's former province can make sensible comments in PDF.
Enlightenment was not enough back in history, China's mistake.